New Apartment Complexes in
For Sale
$4,400,000
405 W 4th St, Monahans, TX 79756
MULTI_FAMILY - Monahans, TX
Property Size21,454 SF
Lot Size1.03 Acres
Price / SF$205.09
Days on Market46
Property Features for 405 W 4th St
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Appliances
Free-Standing Electric Range, Refrigerator, Individual Water Heaters
Subdivision
Hudler
Elementary school
Monahans
Middle school
Monahans
High school
Monahans
Standard status
Active
APN
666227
Size
21,454 SF
Lot size
1.03 Acres
Taxes and HOA fees
Tax Annual Amount
0
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2025
Building materials
Brick Veneer, Stucco
Roof type
Composition
Listing Agency:
The Prichard Group
(432) 978-6973
Listed By:
Heather Prichard · License #0486680
(432) 978-6973
Added: Jun 30
Changed: Jul 10
Last Checked: Aug 14 at 12:06PM
MLS# 174109
Copyright © 2026 Odessa Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Two apartment complexes are available in Monahans, TX. The first complex features 10 units, including 8 units with 2 bedrooms and 1.5 bathrooms, and 2 units with 1 bedroom and 1 bathroom. Most units are furnished and currently used as corporate housing. The second complex, which is under construction, will add 12 units, including 5 units with 2 bedrooms and 2 bathrooms, and 7 units with 1 bedroom and 1 bathroom. Each complex includes laundry rooms, stylish finishes, all-electric utilities, separate metering, and open-concept layouts. The property is situated on a 1.03-acre lot. The property is located in close proximity to the Delaware Basin, with access to the Permian Basin. The property size is 21454 square feet.
Key Highlights
- New construction apartment complex in Monahans, TX (2025) with brick veneer and stucco exterior
- First complex: 10 units total—8 units are 2BR/1.5BA and 2 units are 1BR/1BA
- Second complex (under construction): 12 units total—5 units are 2BR/2BA and 7 units are 1BR/1BA
Property Analytics
Property Profile
Current Use
Lease Details
22
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
459
Businesses Nearby
Explore this area
Business Placement
Demographics for 79756, TX
10,318
Population
4,318
Households
2.4
Avg Household Size
35
Median Age
10%
College-Educated
80%
High-School Grad
158.5 sq mi
ZIP Area
65
Density / Sq Mi
$70,924
Median Household Income
$46,511
Median Earnings
$960
Median Rent
$153,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Two apartment complexes in Monahans, TX, corporate housing potential.
Where is this apartment building located?
The property is located at 405 W 4th St Monahans, TX.
What is the asking price?
The asking price for this property is $4,400,000.
What are key features of this property?
This property features: New construction apartment complex in Monahans, TX (2025) with brick veneer and stucco exterior; First complex: 10 units total—8 units are 2BR/1.5BA and 2 units are 1BR/1BA; Second complex (under construction): 12 units total—5 units are 2BR/2BA and 7 units are 1BR/1BA
